It was great but I ultimately decided I'd rather be a bigger fish in a smaller pond (RI) than a tiny fish in a huge pond (NYC).I am intimately familiar with all 93 exits on Rt 95 in Connecticut, however, having made that drive many times :)My usual advice is to invest as close to home as possible but obviously that's not going to work for you.

A few days ago my wife and I finally put in our first offer on a tiny 2 bed, one bath house.

I am teeny tiny compared to many other Las Vegas investors and am admittedly a little lazy so I am just exploring markets where I am able to make offers without financing contingencies.

It's our primary residence, and we also rent out one of the rooms to a friend, so we're getting a tiny bit of landlord experience too. :)We're primarily interested in single and small multifamily homes to hold as rental properties.

this is super common so don't worry. yes, asking for money from friends/family or potential business partners is a fantastic idea, but doing so without credibility is going to be tough.i would suggest doing what they wrote above - wholesaling/birddoging/or even saving money until you can build a small bank roll, find a cheap property to flip first (mine was a tiny condo), use a hard money lender to help fund it, use your money to rehab it and HOPEFULLY, sell for a profit.

We love house hacking so far...tiny mortgage and our tenants have been great.

You might make a little money by notifying the Debtor that you intend to challenge the appraisal or the percentage of your payoff and get a tiny bit more from them so they avoid the cost and delay of litigating it.

We actually own and operate a high-end luxury home cleaning business.We hired professional cleaners upon move-out & also had the carpets professionally cleaned at 6 months living there and again upon move-out and used proper chemicals and a professional power washer to clean any oil stains from the driveway we may have caused with our old work vehicle.Our landlord charged us the following odd, ridiculous charges:$3.33 To empty out the ice from the freezer ice maker $1.08 To screw a lightbulb in the bathroom vanity$30.00 To remove a nice black metal paper towel holder we had put in the kitchen cabinet$6.67 To fill and paint a tiny minuscule hole barely visible to the naked eye in the kitchen pantry door$3.00 For a smoke detector battery$3.33 To remove a small piece of duct tape from a wall switch in the kitchen we had placed there because every time someone flipped the switch accidentally it would turn the dishwasher off.

I also agree with the idea of buying value - we have done well buying assets when they were out of favor (apartments after the S&L crisis - when they couldn't give apartment buildings away) and selling when the market discovers their value.My plan is that I (my family) will buy one or two parks and test the waters - then if they work out, commit more capital and build a portfolio.As for the 44,000 parks - this is true - Frank's portfolio is tiny compared with the total number of parks.On the other hand - the number of parks that meet Frank's criteria for what makes a good investment (minimum metro size, diversified employer base, minimum lot size, ruling out lagoons and master metered gas, etc.) would seriously whittle down the number of parks he sees as being good investments.You are also correct that Frank didn't paint a rosy picture of the ease of management or make claims that it is super easy to fill lots.

Or believe the tiny details they write/dont write/omit/read/dont understand/discuss while 'representing' their buyers/sellers are enforcable even.